SELECT MEDICAL SIGNS AGREEMENT WITH BALLAD HEALTH TO OPERATE JOINT VENTURE CRITICAL ILLNESS RECOVERY HOSPITAL
Select Medical (NYSE:SEM) has announced a strategic partnership with Ballad Health to jointly operate Select Specialty Hospital – Tri-Cities, a 46-bed critical illness recovery hospital in Kingsport, Tennessee. The facility will relocate from Ballad Health's Bristol Regional Medical Center to Indian Path Community Hospital as a hospital-in-hospital arrangement.
Select Medical will serve as the majority owner and managing partner of the joint venture. The company has been serving the region's post-ICU care needs for over 25 years and operates six additional critical illness recovery hospitals throughout Tennessee. The relocation and partnership aim to expand access to specialized post-acute care services in the region.
Select Medical (NYSE:SEM) ha annunciato una partnership strategica con Ballad Health per gestire congiuntamente Select Specialty Hospital – Tri-Cities, un ospedale di recupero per malattie critiche con 46 posti letto situato a Kingsport, Tennessee. La struttura si trasferirà dal Bristol Regional Medical Center di Ballad Health all'Indian Path Community Hospital, in un modello di ospedale dentro l'ospedale.
Select Medical sarà il proprietario di maggioranza e partner gestionale della joint venture. L'azienda serve le esigenze di cura post-ICU della regione da oltre 25 anni e gestisce sei ulteriori ospedali di recupero per malattie critiche in tutto il Tennessee. Il trasferimento e la partnership mirano a migliorare l'accesso ai servizi specializzati di cura post-acuta nella regione.
Select Medical (NYSE:SEM) ha anunciado una alianza estratégica con Ballad Health para operar conjuntamente Select Specialty Hospital – Tri-Cities, un hospital de recuperación para enfermedades críticas con 46 camas en Kingsport, Tennessee. La instalación se trasladará desde el Bristol Regional Medical Center de Ballad Health al Indian Path Community Hospital, bajo un modelo de hospital dentro de hospital.
Select Medical será el propietario mayoritario y socio gestor de la empresa conjunta. La compañía ha atendido las necesidades de cuidados post-UCIs de la región durante más de 25 años y opera seis hospitales adicionales de recuperación para enfermedades críticas en todo Tennessee. La reubicación y la alianza buscan ampliar el acceso a servicios especializados de cuidados post-agudos en la región.
Select Medical (NYSE:SEM)은 Ballad Health와 전략적 파트너십을 맺고 테네시주 킹스포트에 위치한 46병상 중증 질환 회복 병원인 Select Specialty Hospital – Tri-Cities를 공동 운영할 예정입니다. 이 시설은 Ballad Health의 Bristol Regional Medical Center에서 Indian Path Community Hospital로 병원 내 병원 형태로 이전합니다.
Select Medical은 공동 사업의 과반수 소유주이자 관리 파트너로 활동합니다. 이 회사는 25년 이상 지역의 중환자실 이후 치료 수요를 충족해왔으며, 테네시 전역에 추가로 6개의 중증 질환 회복 병원을 운영 중입니다. 이번 이전과 파트너십은 지역 내 전문적인 급성기 이후 치료 서비스 접근성을 확대하는 것을 목표로 합니다.
Select Medical (NYSE:SEM) a annoncé un partenariat stratégique avec Ballad Health pour exploiter conjointement le Select Specialty Hospital – Tri-Cities, un hôpital de récupération des maladies critiques de 46 lits situé à Kingsport, Tennessee. L'établissement sera transféré du Bristol Regional Medical Center de Ballad Health à l'Indian Path Community Hospital, dans un dispositif d'hôpital dans l'hôpital.
Select Medical sera le propriétaire majoritaire et partenaire gestionnaire de la coentreprise. La société répond aux besoins de soins post-réanimation de la région depuis plus de 25 ans et exploite six autres hôpitaux de récupération des maladies critiques à travers le Tennessee. Ce déménagement et ce partenariat visent à élargir l'accès aux services spécialisés de soins post-aigus dans la région.
Select Medical (NYSE:SEM) hat eine strategische Partnerschaft mit Ballad Health angekündigt, um gemeinsam das Select Specialty Hospital – Tri-Cities zu betreiben, ein 46-Betten-Krankenhaus für die Genesung von schweren Erkrankungen in Kingsport, Tennessee. Die Einrichtung wird vom Bristol Regional Medical Center von Ballad Health in das Indian Path Community Hospital verlegt, in einem Krankenhaus-im-Krankenhaus-Modell.
Select Medical wird als Mehrheitseigentümer und geschäftsführender Partner des Joint Ventures fungieren. Das Unternehmen versorgt die Region seit über 25 Jahren mit post-ICU-Versorgung und betreibt sechs weitere Krankenhäuser zur Genesung von schweren Erkrankungen in ganz Tennessee. Die Verlegung und Partnerschaft zielen darauf ab, den Zugang zu spezialisierten post-akuten Versorgungsdiensten in der Region zu erweitern.
- Strategic partnership establishes majority ownership and management control for Select Medical
- Expansion of service capacity through relocation to a larger 46-bed facility
- Enhanced operational efficiency through hospital-in-hospital arrangement
- Geographic expansion of critical care services in Tennessee market
- None.
Insights
Select Medical's new joint venture with Ballad Health strengthens its Tennessee presence and expands critical illness recovery services in the Tri-Cities region.
Select Medical's agreement with Ballad Health represents a strategic expansion of its critical illness recovery hospital operations in Tennessee. As the majority owner and managing partner of this 46-bed joint venture, Select Medical is strengthening its position in the post-acute care market while maintaining operational control.
The relocation of the facility from Bristol Regional Medical Center to Indian Path Community Hospital in Kingsport is particularly noteworthy as it comes with an expanded footprint compared to the existing operation. This suggests potential for increased patient volume and revenue generation in a facility that Select Medical has already operated for over 25 years.
This deal aligns with Select Medical's broader portfolio strategy in Tennessee, where it already operates six additional critical illness recovery hospitals across the state. The partnership structure—maintaining Select Medical as the managing entity while bringing in Ballad Health as a strategic partner—allows Select Medical to potentially benefit from Ballad's regional presence and patient referral network while preserving operational expertise.
From a capital efficiency perspective, the hospital-in-hospital model typically allows for shared infrastructure costs and operational synergies between the hosting facility and the specialty care unit. The agreement likely provides Select Medical with the clinical space and potential referral channels while minimizing the capital expenditure that would be required for a standalone facility development.
Select Medical will serve as the majority owner and managing partner of the 46-bed joint venture hospital with Ballad Health. The hospital, which is currently owned and operated by Select Medical, will relocate from Ballad Health's
"We have served the growing post-ICU care needs of the region for more than 25 years, operating as Select Specialty Hospital – Tri-Cities in
"This partnership with Select Medical reflects Ballad Health's commitment to delivering high-quality, specialized care to the communities we serve," said Marvin Eichorn, executive vice president and chief administrative officer at Ballad Health. "By relocating Select Specialty Hospital – Tri-Cities to Indian Path Community Hospital, we are expanding access to critical illness recovery services in a way that is both patient-centered and operationally efficient. We are proud to collaborate with a trusted partner to meet the evolving needs of our region."
"The relocation of Select Specialty Hospital – Tri-Cities to
In addition to Select Specialty Hospital – Tri-Cities which will relocate from
About Ballad Health
Ballad Health is an integrated community health improvement organization serving 29 counties of the Appalachian Highlands in
About Select Medical
Select Medical is one of the largest operators of critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics in
Media Contacts
Select Medical: Shelly Eckenroth, seckenroth@selectmedical.com or 717-920-4035
Ballad Health: 423-427-1356
View original content:https://www.prnewswire.com/news-releases/select-medical-signs-agreement-with-ballad-health-to-operate-joint-venture-critical-illness-recovery-hospital-302492956.html
SOURCE SELECT MEDICAL CORPORATION
FAQ
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